Moors & Cabot Inc. Purchases 7,089 Shares of Lowe’s Companies, Inc. $LOW

Moors & Cabot Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 32.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,998 shares of the home improvement retailer’s stock after buying an additional 7,089 shares during the period. Moors & Cabot Inc.’s holdings in Lowe’s Companies were worth $7,287,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Lowe’s Companies by 22.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after acquiring an additional 280 shares during the last quarter. United Bank grew its position in Lowe’s Companies by 1.3% in the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after acquiring an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its position in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $242.30 on Tuesday. The firm has a market capitalization of $135.92 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 5.16 and a beta of 0.98. The business has a 50 day simple moving average of $268.34 and a two-hundred day simple moving average of $254.00. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.58 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LOW shares. Piper Sandler restated an “overweight” rating and set a $300.00 price objective (up from $294.00) on shares of Lowe’s Companies in a research report on Thursday, February 26th. Mizuho lifted their target price on Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. DA Davidson reissued a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, February 26th. Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a report on Wednesday, January 7th. Finally, Sanford C. Bernstein lowered their price target on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.76.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.